Peoples Bank - Humboldt, IA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1927*
Location: Humboldt, Iowa (42.721, -94.215)

Metadata

Model: gpt-5-mini
Short Digest: ac74dc9b

Response Measures

None

Description

Article discusses the closing of the People's State Bank (OCR variants) and the establishment of the Humboldt Trust and Savings Bank in 1927 following that closing. It appears the closed bank was the People's State Bank (likely in LuVerne), not necessarily the Peoples Bank in Humboldt as provided — hence bank_name_unsure is true. No run or depositor agitation is described; the closure appears permanent and a new bank was formed afterward. Date of closure inferred as 1927 from the article text.

Events (2)

1. January 1, 1927* Suspension

Cause Details: Not specified in the article; only states the People's State Bank closed and the Humboldt Trust & Savings was established afterward.
Newspaper Excerpt: The Humboldt Trust and Savings bank established in Humboldt was ... 1927 following the closing the People's State bank.
Source: newspapers

2. October 9, 1931 Other

Newspaper Excerpt: Arrangements were completed ... by the Humboldt Trust and the Savings bank for the opening branch bank LuVerne. ... The Humboldt Trust and Savings bank established in Humboldt 1927 following the closing the People's State bank.
Source: newspapers

Newspaper Articles (1)

1. October 9, 1931 The Humboldt Republican Humboldt, IA

Article from The Humboldt Republican, October 9, 1931

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Article Text

WILL Arrangements were completed afternoon by CampMonday Humboldt Trust and the Savings bank for the opening branch bank LuVerne. Apfor charter was made plication state banking department the charter and such charter for granted. Since the closing LuVerne bank few weeks the has been no bank in there LuVerne. by the The building bank which closed State doors about year ago has been rented to hold the branch bank. Don Oxborrow of Humboldt, will and hoped that charge, can be held official opening Saturday. The Humboldt Trust and Savings bank established in Humwas boldt 1927 following the closing the People's State bank.